• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Nears $100 Billion Market Cap

user avatar

by Giorgi Kostiuk

a year ago

Solana, known as the 'Ethereum killer,' is steadily moving towards joining the prestigious $100 billion market capitalization club.

Current Success of Solana

As of now, Solana's market capitalization stands at $96.8 billion, with the token experiencing a 1.3% increase over the past 24 hours.

Meme Coin Frenzy and Institutional Recognition

Earlier this year, Solana was at the center of a meme coin frenzy. Pump.fun, a Solana-based meme coin factory, logged $1.9 billion in volume over the past two weeks. The platform has issued over 3.1 million tokens, and total fees have surpassed 1.1 million SOL. In the U.S., Solana is gaining popularity among institutional investors, with several proposals for Solana-based ETFs, including one by VanEck.

The $100 Billion Club

Currently, only Bitcoin, Ethereum, and Tether have market capitalizations above $100 billion. Solana is likely to join this list soon. BNB and XRP were once part of this club but are currently valued below the required threshold.

"Ethereum killer" Solana is on track to join the prestigious "$100 billion club," according to Bitwise CEO Hunter Horsley.Hunter Horsley

With its ambitious plans and consistent growth, Solana could soon become part of the $100 billion club, solidifying its position among leading cryptocurrencies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

GANA Payment Project Suffers $31 Million Loss Due to Security Breach

chest

GANA Payment lost over $31 million after an attacker gained unauthorized control of key contract rights.

user avatarLeo van der Veen

AVAX Momentum Surges with Zero Knowledge Proof Whitelist Launch

chest

Avalanche's AVAX token experiences increased activity and interest after the launch of the Zero Knowledge Proof whitelist, with over 48 million tokens burned and a surge in daily transactions.

user avatarLi Weicheng

Chainlink's LINK Token Surges Amid Strong Institutional Accumulation

chest

Chainlink's LINK token experiences a significant price increase following a breakout and high trading volume.

user avatarAisha Farooq

SUBBD Raises Over 13M in Presale Targeting Creator Economy

chest

SUBBD, an AI-powered content creation platform, has raised over 13M in its presale, aiming to disrupt the 85B creator economy.

user avatarTenzin Dorje

Binance Coin Remains a Strong Contender in Crypto Market

chest

Binance Coin (BNB) continues to be a major player in the cryptocurrency market, powering the BNB Chain ecosystem.

user avatarBayarjavkhlan Ganbaatar

Introduction of XAI: A Layer 3 Network for Gaming

chest

XAI is a Layer 3 network designed specifically for gaming applications, operating on top of Arbitrum. It utilizes AnyTrust technology to maintain low transaction costs while providing fast processing.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.